lol thesum is going to be a computer whizz by the time he gets this working  |
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Lol he's probably good mates with bernanke
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Man how awesome is that! Love the ingenuity we see in these forums  |
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I just went to check it out and got a "This account has been suspended" message. Bugger |
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+1
Will watch tonight - love the series.
p.s. John, any ideas when more of the bitcoin - 'office' series will be produced?
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Is a 2 day chart and I think that's what we should be looking at right now. The Gox issue rattled the market and we have the 4th coming up so for a time you need to look at short term charts. As I said once that irons out it's a different matter but even then I think you need to be wary of that $30 spike.
Yea well not sure what sun clock you use but 4am on the 27th to 4am on the 28th is a 1 day chart to me. And why should I be looking at short term charts exactly? What does a short term chart tell me that a long-term chart doesnt?? |
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Wrong Direction for $54 any time soon until things fully iron out from the whole Gox thing plus with the 4th and nobody around.  lol your using a snapshot of a chart that only accounts for the last 24 hours |
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Not sure if this is sarcastic?
No not all. I just perhaps dont have a very good understanding of how this all works and just trying to get my head around it. To answer your question more directly. If you host your pool from a DC that has halfway respectable backbones fed in, you should be able to get data from the other side of the globe at just a bit later than the speed of light. There's plenty of fiber in those oceans to do whatever you want with data. That's speaking strictly latency wise. As far as bandwidth? This isn't a torrent. The amount of data sent and received by one miner is tiny. Wireshark it and look at some data with rrdtool/cacti. If you think a VPN will help you, go for it. Just don't spend too much!
Yea I'm looking at this more from from an end-user perspective (using VPN). I've got no plans to setup my own pool. Thanks for your replies though. I might have a play around with wireshark tonight |
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When did you add the feature? Only Ive been getting data connectivity issues when refreshing the site for the last hour or 2? (I only have mtGox selected btw) |
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Yup I use it and have found it to be fast and reliable.
Initially it used to use cookies to remember your wallet ID but the owner recently removed that due to security concerns. Now you just bookmark the wallet ID and if you dont use the bookmark you will get another ID issued next time you connect to the site.
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I think the reason you don't see them geographically mapped is because the protocols used for a pool aren't very latency dependent at all. As other pool operators have discovered, there is an inefficient way the protocol handles it's number of connections. This is being hacked and patched by people who are helping with bitcoind and pushpoold projects on github. I have seen some pool operators use old theories for web content delivery that haven't helped their growth as much as they are just adding more operating systems. The old theory is that you spread your load geographically so that people get content faster from a server closer to them. With bitcoind and pushpoold, the bottleneck seems to be in the number of open connections the networking stack can handle in the operating system. More OSes = more connection capacity. Eleuthria seems to have figured this out the best and is planning on one host with 10 or more VM's on it. Hope I didn't give my private pool growth secrets away! jk I like helping the community.
Thanks, thats interesting. So there would be no benefit connecting to a pool 'based' in Sweden (for example) via a VPN server located in the same country, from the other side of the globe? |
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I read up to:
(1) Sales Appeal: The hook designed to lure you in is get rich quick without risk or hard work. Above market returns, guarantees, low or no risk, and no effort required are all hallmarks of investment fraud
and realised this couldnt be a post about Bitcoin... |
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Just wondering if anyone has taken the time to actually determine where Bitcoin mining pools are generally located/hosted?
From what I can see it appears most pools are based in Europe with only a few spread out elsewhere? Would it be right to say theres only 1 or 2 located in the US?
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And yet bitcoins are still trading around 14-15 bucks each. If bitcoins can survive that with really no total loss of value, then they're hardier than many people have given them credit for.
Bitcoins are hardcore |
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Just a small request - any chance we can get the '10m, 1h, 12h, etc' view selection highlighted so we know which view we are looking at at a glance?
delivered Cheers, looks brilliant on my phone |
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Awesome - geek currency > fiat $$
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Iceland is a better example. Compare Iceland to the PIIGS. Iceland gave a big fuck you to the banksters while the PIIGS are taking on ever more severe austerity measures.
Yea well who could blame them? It was the banksters that were responsible for Iceland's economic capitulation in the first place lol |
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Just a small request - any chance we can get the '10m, 1h, 12h, etc' view selection highlighted so we know which view we are looking at at a glance?
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Your question is very general. Over what time frame are you talking?
I dont think it will 'stabilise' at all for many years to come. I think were going to see a general upward trend in value with small fluctuations along the way.
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